The Insolvency (England and Wales) Rules 2016 come into force

The Insolvency (England and Wales) Rules 2016 come into force

The new Insolvency (England & Wales) Rules 2016 (IR 2016), SI 2016/1024 come into force today replacing the Insolvency Rules 1986 (IR 1986), SI 1986/1925. We provide details of some of the steps Lexis®PSL Restructuring & Insolvency, together with our external partners and LexisNexis Smartforms, have taken to ensure that you are ready for the changes.

As all restructuring and insolvency professionals will be acutely aware, there is a lot of change afoot for the insolvency world from today as a result of the commencement of the IR 2016. At Lexis®PSL Restructuring & Insolvency, our customers have access to a range of guidance explaining the new procedures under the IR 2016 in order to allow for a seamless progression from old rules to new.

We set out below some of what is specifically available to Lexis®PSL Restructuring & Insolvency customers. Not a customer? Find out more about how LexisPSL can help you and click here for a free trial of LexisPSL Restructuring & Insolvency.

New subtopic—The Insolvency (England and Wales) Rules 2016

We have created a new subtopic in Lexis®PSL Restructuring & Insolvency entitled 'The Insolvency (England and Wales) Rules 2016 which contains IR 2016-specific content (including news)—see: The Insolvency (England and Wales) Rules 2016—overview (subscription required).

In particular, we have published the following Practice Notes, externally written by practitioners with known experience in insolvency cases, that each consider a separate Part of the IR 2016, including (subscription required):

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About the author:

Stephen qualified as a solicitor in 2005 and joined the Restructuring and Insolvency team at Lexis®PSL in September 2014 from Shoosmiths LLP, where he was a senior associate in the restructuring and insolvency team.

Primarily focused on contentious and advisory corporate and personal insolvency work, Stephen’s experience includes acting for office-holders on a wide range of issues, including appointments, investigations and the recovery and realisation of assets (including antecedent transaction claims), and for creditors in respect of the impact on them of the insolvency of debtors and counterparties.